2024-01-26 18:45:35 ET
Summary
- T-Mobile US, Inc. beats Q4 revenue estimates by 4% and achieves over $20 billion in quarterly revenue for the first time in 2 years.
- The company shows industry-leading growth in postpaid additions and high-speed internet additions.
- T-Mobile misses EPS estimates by 12%, despite cost-cutting efforts.
- The stock does not appear cheap here nor does it pay the high-yield typically associated with telecom stocks.
T-Mobile US, Inc. ( TMUS ) has just released its Q4 and FY 2023 earnings results as Seeking Alpha has covered here . The stock is down about 2% after hours as the market is digesting the result as well as FY 2024's guidance. My previous coverage on T-Mobile was in September 2023, when I rated the stock a "Hold" but supported the company's ability to reward shareholders in the form of both buybacks and dividends. Since then, the stock has gained about 16% compared to the market's 10% run....
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T-Mobile Q4: Decent Quarter But Stock Remains A Hold